Wire Manufacturing Company approves 125% dividend: Stock delivers 1,370% return in five years

Shareholders of a listed wire manufacturing company have approved a 125% final dividend for FY26 at the company's 37th Annual General Meeting held on August 10, 2026. The dividend resolution received 100% votes in favour, while shareholders also approved changes to the company's Memorandum of Association and Articles of Association with nearly unanimous support. The company reported higher production, sales and revenue from operations during FY26 despite higher copper prices, rising operating costs and geopolitical uncertainty. Its stock gained 149.25% over one year and delivered a 1,370.31% return over five years, putting the stock in focus among dividend and high return stocks.

The company is also expanding its copper winding wire manufacturing capacity as it prepares for higher demand. Installed capacity stood at around 55,000 MT per year at the end of FY26, while a 6,700 MT annual expansion at Silvassa is scheduled for completion in Q2 FY27. This would take capacity to about 61,700 MT per year, with further projects planned to reach approximately 69,000 MT per year by FY28. A copper refining and recycling project at Zaroli, Gujarat, is also expected to begin trial production in Q2 FY27, subject to regulatory approvals. FY26 net profit increased 72.4% to ₹155.27 crore, while revenue from operations rose around 34.8% to ₹541.02 crore, based on the financial figures supplied.

125% dividend approved at AGM

Shareholders approved the 125% final dividend for FY26 at the AGM held on August 10. The payout is above the company's reported average dividend distribution of approximately 85.85% over the past decade. The dividend resolution received 100% votes in favour. The AGM was conducted through video conferencing and other audio visual means in accordance with applicable MCA and SEBI requirements. Remote e voting was available from August 7 to August 9, followed by voting facilities during and immediately after the meeting, with 89 members participating.

AGM detail	Result
Final dividend	125%
Dividend resolution votes for	100.0000%
Members participating	89
AGM date	August 10, 2026
Remote e voting	August 7 to August 9, 2026
Average dividend distribution over past decade	Approximately 85.85%

AGM voting results

All six resolutions placed before shareholders were approved. The audited financial statements for FY26 and the final dividend received unanimous support, while the reappointment of Milan Mahendra Mehta as director was approved with 99.462% votes in favour. Changes to the Main Object Clause of the Memorandum of Association and the Articles of Association also received 99.9999% votes in favour.

Resolution	Type	Votes for	Votes against
Adoption of audited financial statements for FY26	Ordinary	100.0000%	0.0000%
Declaration of final dividend for FY26	Ordinary	100.0000%	0.0000%
Reappointment of Milan Mahendra Mehta as Director	Ordinary	99.4620%	0.5380%
Change in Main Object Clause of MoA	Special	99.9999%	0.0001%
Change in Articles of Association	Special	99.9999%	0.0001%
Ratification of Cost Auditor Remuneration for FY27	Ordinary	99.9986%	0.0014%

FY26 financial performance

The company reported growth in production, sales and revenue from operations during FY26. Revenue from operations increased around 34.8% to ₹541.02 crore, while net profit rose 72.4% to ₹155.27 crore. The company maintained copper supplies through domestic producers and imports despite tight global markets. International copper prices increased by approximately 15% in US dollar terms during FY26, while the Indian rupee weakened by around 4.5%. The supplied figures show that profit growth was faster than revenue growth during the year.

Financial metric	FY26
Revenue from operations	₹541.02 crore
Revenue growth	+34.8%
Net profit	₹155.27 crore
Net profit growth	+72.4%

Copper prices and operating costs

Management said the company used a back to back transaction strategy, purchasing copper against confirmed sales orders to manage exposure to movements in the price of its main raw material. The business also faced higher finance costs, wages, export freight and maintenance expenses during FY26. Geopolitical tensions, US trade tariffs and the ongoing Ukraine war added uncertainty, while higher oil prices could affect the cost of enamels and chemicals during FY27.

Exports increased during FY26 and contributed to a more balanced revenue mix. Management also pointed to domestic interest rates and currency movements as factors that could affect operating costs during FY27.

Capacity expansion plans

Copper winding wire installed capacity stood at approximately 55,000 MT per year at the end of FY26. The company is adding another 6,700 MT per year at its Silvassa facility, with completion scheduled for Q2 FY27. Once completed, total installed capacity is expected to reach around 61,700 MT per year. Further modernisation and expansion projects are planned, taking the company's target to approximately 69,000 MT per year by FY28.

Capacity milestone	Installed capacity
End of FY26	55,000 MT per year
After Silvassa expansion	61,700 MT per year
FY28 target	69,000 MT per year

Copper refining and recycling project

A Copper Refining and Recycling project at Zaroli, Gujarat, is also under development. Trial production is expected to begin in Q2 FY27, subject to regulatory approvals. The supplied information does not provide revenue projections or the expected financial contribution from this project, so its impact on future earnings cannot be assessed from the available figures.

Stock performance

The stock has delivered strong returns across the periods provided. It gained 16.29% over five days and 15.89% over one month, while the six month return stood at 65.41%. Over one year, the stock gained 149.25%, and its five year return reached 1,370.31%.

Period	Stock return
1 day	0.00%
5 days	+16.29%
1 month	+15.89%
6 months	+65.41%
1 year	+149.25%
5 years	+1,370.31%

Business profile

Precision Wires India Limited is the wire manufacturing company behind the August 10 AGM. The company manufactures copper winding wires and is expanding its manufacturing capacity through the Silvassa project and the proposed copper refining and recycling facility at Zaroli, Gujarat.

Growth drivers and factors to watch

Capacity expansion remains an important factor for the company's future operating performance, with the Silvassa project expected to increase installed capacity and further projects targeting 69,000 MT per year by FY28. The Zaroli copper refining and recycling project could also expand the company's copper related operations once trial production begins, subject to approvals. Investors will also need to monitor copper prices, currency movements, financing costs and export demand because these factors can affect costs and operating performance.

Key risks

The company remains exposed to copper price movements, higher finance costs and changes in currency rates. Management has also highlighted higher wages, export freight and maintenance expenses, while oil price movements could raise the cost of enamels and chemicals. Geopolitical developments and trade tariffs may also affect the operating environment. Capacity expansion and the Zaroli project remain subject to execution and regulatory requirements.

Stock outlook

The company enters FY27 after reporting higher revenue and profit in FY26, approving a 125% final dividend and continuing with capacity expansion. The stock has also delivered substantial long term returns, including a 1,370.31% gain over five years. Investors tracking the company can follow the Silvassa expansion, progress towards the 69,000 MT annual capacity target, the Zaroli project's trial production and changes in copper prices. Future earnings growth and the execution of expansion projects will remain important when assessing the stock's performance.

Which company approved a 125% dividend?

Precision Wires India Limited approved a 125% final dividend for FY26 at its 37th Annual General Meeting held on August 10, 2026.

What is the dividend declared by Precision Wires India?

Precision Wires India approved a 125% final dividend for FY26. The company's dividend payout for the year also includes two interim dividends of ₹0.35 per share each.

What was Precision Wires India's stock return over five years?

Precision Wires India delivered a 1,370.31% return over five years based on the supplied stock performance data.

What was Precision Wires India's one-year stock return?

Precision Wires India gained 149.25% over one year based on the supplied stock performance data.

What was Precision Wires India's six-month stock return?

The stock gained 65.41% over six months.

What happened at Precision Wires India's 37th AGM?

Shareholders approved the FY26 final dividend and all six resolutions placed before them. The resolutions also included changes to the company's Memorandum of Association and Articles of Association.

How much manufacturing capacity does Precision Wires India currently have?

Precision Wires India's copper winding wire capacity stood at approximately 55,000 MT per year at the end of FY26.

What is Precision Wires India's capacity expansion target?

Precision Wires India is targeting installed capacity of approximately 69,000 MT per year by FY28. A 6,700 MT per year expansion at Silvassa is expected to take capacity to around 61,700 MT per year.

What is Precision Wires India's copper refining project?

Precision Wires India is developing a Copper Refining/Recycling project at Zaroli, Gujarat. Trial production is expected in Q2 FY27, subject to regulatory approvals.

Did Precision Wires India report growth in FY26?

Yes. Precision Wires India reported a 72.4% increase in FY26 net profit to ₹155.27 crore, while revenue from operations increased by around 34.8% to ₹541.02 crore.

What are the main risks for Precision Wires India?

Precision Wires India faces factors such as copper price movements, currency fluctuations, higher finance costs, wages, export freight and chemical costs. Geopolitical developments can also affect operating costs and demand.

Why is Precision Wires India's dividend in focus?

The 125% dividend is above the company's reported average dividend distribution of around 85.85% over the past decade, making the latest payout an important corporate action for shareholders.

What should investors watch in Precision Wires India?

Investors can monitor the progress of the Silvassa capacity expansion, the company's target of 69,000 MT annual capacity by FY28, the Zaroli copper refining and recycling project, copper prices and future earnings performance.